Practice Tools Archives

IoT Solutions and Claims Reductions

At just after 10 am on an average Thursday morning, a 20-floor apartment building in downtown Toronto experienced a leak in their riser stack between the 5th and 6th floor. The leak was detected by an IoT sensor system, which immediately alerted the property manager. Within minutes, the water was turned off to the affected […]

By Jason Contant | May 17, 2019

4 min read

Practice Tools

The top 5 questions you must ask about #IFRS17

IFRS 17, Insurance Contracts was published in May 2017 and is the most significant change to financial reporting for insurance companies in Canada in decades, not only in the measurement of insurance assets and liabilities, but in how insurance contracts are presented in financial statements. The new standard becomes effective on January 1, 2021. However, […]

By Baxter Hall | April 4, 2018

2 min read

Practice Tools

Digital Privacy Act changes are coming. Are you prepared?

For Canadian organizations, as well as organizations doing business in Canada, a dramatic shift to privacy and cyber security regulations is looming. The amendment to Canada’s Personal Information Protection and Electronic Document Act (PIPEDA), the federal privacy law for private-sector organizations, is expected to take effect in late 2017. Under this amendment, also known as […]

By Baxter Hall | December 12, 2017

3 min read